Alikze »» XAUUSD| Movement in the descending channel
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🔍 Technical analysis: Movement in the descending channel
- Gold is moving in a descending channel in the 1H time frame.
- It has had several reactions to the ceiling and floors, and now it has faced demand again by hitting the floor trigger.
- It created an OB on the bottom of the channel, which reacted to it after coming into contact with the supply area. - According to the ascending guard, it can have an upward correction movement up to the ceiling of the 2406 range channel.
💎 Also, if it breaks the red box area downwards, it can test the 2353 range.
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XAUUSD
- Gold is moving in a descending channel in the 1H time frame.
- It has had several reactions to the ceiling and floors, and now it has faced demand again by hitting the floor trigger.
- It created an OB on the bottom of the channel, which reacted to it after coming into contact with the supply area. - According to the ascending guard, it can have an upward correction movement up to the ceiling of the 2406 range channel.
💎 Also, if it breaks the red box area downwards, it can test the 2353 range.
»»»«««»»»«««»»»«««
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support.
Best Regards,❤️
Alikze.
»»»«««»»»«««»»»«««
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